7 Ways to Freeze Your Spending

If your spending is out of control and you are looking for ways to reduce your expenses, check these 7 ways to spend less. Try freezing your spending on wants (not as much on needs) for the next couple of months. Here is how you want to approach it.

Debt to Income Ratio or How to Know Your Borrowing Ability

We are living in a world where debt is both good and bad. Debt finances government and private projects, but it also allows us to buy expensive things from cars to luxury items. 

Being able to calculate how much you can borrow is important when you make big decisions, like buying a house or planning to renovate your kitchen. Debt-to-income ratio (DTI) is the main indicator that helps understand your finances better before such buys. Let's talk about how it's calculated and what's considered a good DTI.

Use The Cancun Technique to Save Money

Saving money is a difficult objective if you go for it without any motivation. If you have trouble finding such motivation to save some money, you are welcome to use The Cancun Technique, which is a more tangible and realistic way to save.